UK announces draft rules for crypto industry, touts greater collaboration with U.S.

Key Points

U.K. Finance Minister Rachel Reeves on Tuesday announced plans for a “comprehensive regulatory regime for crypto assets.”
The U.K.’s Treasury published draft rules aimed at bringing crypto exchanges, dealers and agents into the regulatory fold.
Reeves said that the the U.K. planned to deepen regulatory cooperation with the U.S. to boost “responsible” adoption of digital assets.

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